Cold drives electricity prices across Baltics higher

Electricity prices rose across the Baltic region last week amid a spell of cold weather, Elektrum Lietuva said LETA/BNS.

Prices in all three countries increased by 19% w-o-w, to 65.06 euros per megawatt-hour (MWh) in Lithuania, 64.83 euros in Estonia and 65.08 euros in Latvia, the independent electricity supplier said.

The Baltic countries' total power consumption grew by 5% to 642 gigawatt-hours (GWh) and their overall electricity production increased by 16 percent to 500 GWh. Locally-generated electricity covered 78% of the region's needs.

EU economy’s future: slow but positive growthGrowth in all EU states will continue in 2019-20, though at a slower pace than before. The largest EU’s economies will grow at around 1,5-1,7%, mostly in Poland, Spain and Holland. The Baltic States’ growth will continue to be on the positive trend.